Lonmin Share Discussion Threads

[foxy22] 10/4/2019 09:37

Is there some news

[redbaron10] 08/4/2019 21:05

There's plenty of consolidation going on in gold mining.Barrick merging with Randgold,Newmont with Goldcorp.Why not wait and see with Sibanye.Being in S.Africa and associated geopolitical risk,then probably unlikely.But is Centamin in Egypt or HGM and Polymetal in Russia any better risks or worth exposure to? Look at the ongoing saga with Acacia and the Tanzanian government.Any investment in precious metal mining is risky.Even Fresnillo is now potentially the target of a left-wing administration wanting its 'fair share'.They are not investments for widows or orphans.

[foxy22] 08/4/2019 16:59

By the esy fo u think argawal is helping anglo share price with his complicated debentures

[foxy22] 08/4/2019 16:57

Sibanye is a heavily indebted co,one thing it does have exposure to us mine stillwater and some swear by antics of neil fronnemann ceo who has taken a big bet on pgm metal recovery.i too am not sure about sibanye as long term investmentBut then do u think one should sell into rally prior to finalisation of dealAnd at what priceA london precious metal dealer told me not to lonmin has exposure not only to platinum also rhodium etc

[redbaron10] 08/4/2019 16:30

I'm ambivalent at the moment about the prospects of Sibanye being a medium to long term investment when the lonmin takeover eventually happens.I hope it happens.If the labour/strike issues over pay and conditions can be resolved then i'm prepared to await developments over production,costs etc in relation to the gold and pgm mines.With Trump possibly on course for a second presidential term then the US deficit is going to start causing concern in the years to come.This should weaken the dollar index and over the medium to long term should benefit precious metal prices.Besides where else is there to invest for any meaningful ROI?

[foxy22] 08/4/2019 16:05

South Africa's not short of the black stuff eitherYes a lonmin dividend would be amazingBiggest irony as soon as platinum prices recover its taken over so I suppose all we can hope for is a sibanye divvy

[foxy22] 08/4/2019 15:33

I mean back up....it took ten years...well maybe a bit less!!!!U sure needed patience for this turnaround

[foxy22] 08/4/2019 15:14

Well u never know with any Sa venture!!!But they always 'make a plan'Patience is a virtue....yes but I'm not 20 anymore....!!!! Anyway lonmin is in recovery mode so let's wait and seeAnglo well Red Baron I think there's a rerating!!! It's gone up like a rocket

[foxy22] 08/4/2019 15:11

Never thought Lonmin would be today's top performer....I've also got the worst aston MartinApparently Corbyn and may are discussing some luxury motor tax today

[redbaron10] 08/4/2019 15:09

Hey foxy you're a Lonmin shareholder,haven't you learnt the art of patience by now? Everything comes to he/she who waits.We're talking South Africa here.AngloAmerican is going nicely thankyou.When this eventually ties up with Sibanye and Pgm and gold prices begin their slow rise again, off the back of a weaker dollar going forward,this could turn out to be a half decent investment in the end.After the hiatus,why sell out now.Adopt a wait and see imho.

[foxy22] 08/4/2019 13:08

Lonmin deal seems to be proceeding quicker than brexit.....Platinum jumping as well

[luckymouse] 05/4/2019 14:42

Well done if you caught that
.............................
LuckyMouse 4 Feb '19 - 13:55 - 15339 of 15364
Expanded view of the base - definitely sniffing a B/O on the deal - 23% & 50% are the main fib reversion targets

[redbaron10] 26/3/2019 13:32

Take what you will from Beamish's remarks.If you're down,negative or short Lonmin then you don't want the deal with Sibanye to proceed.If you think Lonmin has a sustainable future as an entity within Sibanye-Stillwater then you want to support the Lonmin board and agree the takeover.There are too many legacy issues surrounding Lonmin and they've tried rights issues,job cuts etc to improve cashflow and the bank balance.All to no avail.At least combined with Sibanye there may be synergies and an improved bargaining position with the unions.

[redbaron10] 25/3/2019 07:32

AGM today.Let's see if there's anything sensible coming out of it....like some news about the takeover would be nice.It's only been a year and four months after all!

[redbaron10] 22/3/2019 16:34

Volatile as ever! 9p swing on volume of 1.6m lol

[redbaron10] 22/3/2019 11:30

True foxy22,the UK is a basket-case politically just like S.Africa,but economically we 're still just about on the right track.I think a 'No Deal' just won't be politically allowed to happen.As for Mrs May's tenure in No.10 is concerned,let's just say if she's still there by the end of April 2019 i will be amazed.Another Tory leadership campaign and early General Election remain a possibility,so i will just sit and watch my PGM and gold mining shares do what they're going to do.Hopefully get some more capital gains in time.As luck would have it,true economic supply/demand dynamics are in play in the PGM space.Palladium stocks are in deficit,and because of the demise of diesel car sales,the PGM play is slowly becoming profitable when the USd/zar is also factored in.There is imho a proper functioning market in PGMs, unlike the oil and gold markets where speculators and vested interests, i believe, manipulate and interfere with their smooth running.

[foxy22] 22/3/2019 10:53

Well yes....power outages strikes etcBut brexit Britain is also somewhat crazy....dont u think

[redbaron10] 22/3/2019 08:36

We grind slowly ever higher.Sibanye-Stillwater share price improving.Gold,platinum and palladium prices all higher.Still over 14 rand to the dollar.After the US Fed signalled no interest rate rises likely this year,that should help PM prices if the dollar weakens from here.Just need to get this takeover deal done.It's looking favourable despite everything.....famous last words....we're talking South Africa after all.

[wyken] 20/3/2019 12:06

Crazy discount to bid value
Sibaneye at 1700 SA rand is equivalent to 88p

[redbaron10] 26/2/2019 22:07

Lonmin shareholders are voting on the deal,one of the mining unions has gone to court objecting about the deal and the proposed redundancy of some thousands of miners.Meanwhile there is a moratorium now on letting these miners go because of the revival in the fortune of pgm prices and the depreciating rand.The proposed all share takeover offer for Lonmin by Sibanye (subject to the court decision) date has now been put back until June.

[walstib] 26/2/2019 21:08

Can anyone tell me just how this take-over is carried out? all the big investors seem to be handing over their shares to Sibanye; but when does Lonmin become Sibanye?

[foxy22] 26/2/2019 21:07

And platinum?!

[redbaron10] 26/2/2019 20:12

Good old palladium still going gangbusters